This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key reagent for the formation of carbon-carbon bonds, enabling the construction of complex organic molecules. Its boronic acid group allows it to act as a nucleophile, reacting with various electrophiles like aryl or vinyl halides in the presence of a palladium catalyst. This makes it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Additionally, its diethylamino group can enhance solubility and reactivity in certain reaction conditions, making it a versatile tool in synthetic chemistry.